Energy Stocks Lead Decline

Updated Dec. 2, 1999 7:21 a.m. ET

BANGKOK, Thailand -- Shares declined Thursday, hurt by institutional investors selling energy holdings ahead of the year end and local investors locking in profits.

The Stock Exchange of Thailand Index shed 3.40 to close at 419.67. The SET-50 Index dropped 0.22 to finish at 29.64. Volume was 278.5 million shares valued at 4.24 billion baht. Decliners outpaced advancers, 150 to 55.